Bitcoin: ‘This consolidation period has introduced doubt in every investor, even OGs’
Bitcoin’s next move may hinge on OG and LTH actions in the market.
Bitcoin’s second-quarter unplug looked like capitulation. It wasn’t. This article first appeared in Miner Weekly, a weekly newsletter by Blocksbridge Consulting curating the latest news in energy, compute, infrastructure, and data analysis from The Energy Mag. The original article can be viewed here.
President Nayib Bukele denied claims that El Salvador was ceding control of its strategic bitcoin reserve to a private operator, calling these allegations “totally false.” Bukele stressed that only Chivo Wallet shares were transferred to a private operator, not the BTC the nation owns.
September 6, 2026, 10:30 amBitcoin price forecasting has accumulated an unusually colorful collection of methods. You have basic scarcity models that convert the halving schedule into a price, and run-of-the-mill on-chain models that turn address or transaction activity into value.
September 6, 2026, 7:00 amBitcoin’s next move may hinge on OG and LTH actions in the market.
Over the last week, bitcoin’s price has been trading between $76,200 to $82,100, and market sentiment has been far more bullish. BTC’s price is roughly around the same height it was around May, and at that time, Bitcoin.com News queried 11 artificial intelligence (AI) models to predict bitcoin’s year-end price.
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